Mukhyamantri Aarthik Kalyan Yojna

Under the scheme, loans and margin money are provided through banks to set up their own industry / service / business for the backward youth of the district.

Project Cost: –
Loan amount of Rs.50,000 / – is provided.

Margin Money: –
50% of the project cost (maximum Rs. 15000 / -)

Beneficiary:

The applicant should be a native of Madhya Pradesh, being a backward class. Applicant must be at least literate. The age of the applicant should be between 18 and 55 years. The applicant should not be a defaulter of any nationalized bank / financial institution / cooperative bank. The applicant should not have received any loan and grant under any government scheme earlier. Under the scheme, the applicant will be eligible for loan only one time.

Benefits:

Grocery shop, furniture, wood business, pesticide sales business, dairy business, manihari business, fruit vegetable sale, stationery shop, readymade garments shop etc.